At its Special Board Meeting held on 29 March 2019, the ZCCM Investments Holdings Plc (‘ZCCM-IH’) Board approved the incorporation of a mining operating Company. In line with one of its strategic objectives in mining value creation, ZCCM Investments Holdings Plc (‘ZCCM-IH’) wishes to announce the incorporation of Kabundi Resources Limited (‘KRL’) a wholly owned subsidiary. KRL is located in Chief Muchinda’s area in Serenje District, Central Province. KRL is a mine operating company whose main activities include mining, processing and marketing of manganese and other non-ferrous metals. KRL was registered on 8 May 2019.
The ZCCM-IH Board is confident that KRL will add value to the Company’s current mining portfolio and provide an opportunity for ZCCM-IH to expand its activities in the mining sector.
By Order of the Board
Issued in Lusaka, Zambia on 28 June 2019
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First Issued on 28 June 2019